Liverpool can’t waste money says new owner John Henry
Liverpool’s new owner John Henry has said that the NESV group will not spend vast amounts of money to resolve the problems at the club.
The American company took over Liverpool in a £300m deal and will now look to restore the club’s fortunes.
However, Henry admitted that this was not a quick solution and that spending money rashly would not be the answer.
The new Liverpool owner also stated that he did not have the resources that Manchester City had to compete in the transfer market and that Liverpool signings would have to be shrewd and sensible.
Henry said, "I don't have 'Sheikh' in front of my name," in an answer to whether Liverpool would spend the sums of money Manchester City owner Sheikh Mansour has.
"When we spend a dollar, it has to be wisely. We can't afford contracts that do not make long-term sense," added the American.
Liverpool have struggled with their form on the pitch and have only won one league game so far this season. Liverpool manager Roy Hodgson has spent very little in the transfer window and he will hope that Henry will provide funds in January.
Off the field Liverpool still have decisions to make over a stadium, but Henry has refused to make promises over money for transfers or his ideas about a new stadium.
The American owner did say that he wanted to restore Liverpool as a top side and that he had not come to the club to make money.
“I don't think any thinking individual buys a sports franchise these days or an English football club to make money,” he said.
The American continued, "Maybe a few, but they should have their head examined. It's about competing at the highest level in the world's largest sport for us, that's why we are here."
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